Member Info for sharezy

Wonder what, in years to come, all that FCF will be used for....

Making me richer, perchance?

@CFC "Socialising"

I think the only thing highly likely is that you would like it to be lower....

I suggest buying low and selling high…

Oh well.

Might surprise you to learn that my primary objective here is not to care about what thegoan says.

Goodwill to all men and all that.

Each to their own.

Quite simple, value here, based on all available information is far higher than current sp.

I own shares and intend to hold to production and beyond.

At which point it is, in my estimation, going to have been very worthwhile.

If you try to trade this, or did not buy the lows, then you should do so with your eyes open, of your own volition.

Thought about it, thegoan.

Anyway…

Methinks you want this to be true, but are talking pure bs.

Have you met him? I have.

Have you a good understanding of the process and forces at play here? I do.

This is inevitable, despite your silly comments

Pay is in line with (frankly gross) industry norms, and bonuses for achieving success (massive achievement of debt funding) are negligible vs company value creation.

Arguing for or against them against the backdrop of massive shareholder wealth creation is not only futile…. but petty and pernicious…

No, it is not published yet.

But we know that it will be borrowed only when required - so not until next year

And repaid in the first year, if so chosen.

So academic really…

We’re borrowing from major established development banks.

Loan sharks - must be your limited vernacular

We had a big rise to these levels…

A lot of traders profiting on a quick rise. Fair enough. Greasing the wheels for the next step up.

Worth 5-10p+ of anyone’s money.

The lassonde curve is a curve - and the game of “financial chicken” is now on to see who wants the shares up to an acceptable purchase price before dividends kick in…

Try getting these kind of SP returns + yield elsewhere…

Blue days, red days, trend towards real value, which is only one direction from here.

Patience, quite literally, pays dividends.

That’s his normal demeanour.

Basing investments on what the CEO looks like feels…. misguided…

Of course I could be wrong.

And of course you could be a deliberately stirring the pot.

I’m guessing that is because of the recent sharp rise in price of the shares.

I am guessing more people sold than purchased in that period?

Account created in August, Last few posts only on KEFI.

Ask repeatedly about dilution.

Hmmm….

In a raging gold bull market....

Project NPVs suggest a valuation of 4.82p/share

In March, KEFI calculated an updated project NPV5 for Tulu Kapi of c US$690m at construction start, at a conservative long-term gold price of US$2,400/oz, of which KEFI’s c 80% share is worth US$552m, or £411m (4.33p/share), pro rata. Its 15% interests in Jibal Qutman and Hawiah potentially add a further 0.48p/share to this figure, to take the total to 4.82p/share.

Valuation: Current metals prices suggest 11.19p/share

At Edison’s long-term gold price of US$1,866/oz (in real, 2025 US$ terms), we calculate that Tulu Kapi (plus its 15% interest in Saudi Arabian joint venture, GMCO) is capable of generating average annual free cash flows to KEFI of c £100.2m in FY29–34 (cf £99.4m previously), making average (maximum potential) dividends of 0.50p/share per year possible. Discounting this flow of dividends to present value at a discount rate of 10% per year suggests a valuation for KEFI of 1.59p/share (cf 1.65p previously) after the exercise of broker warrants. An underground mine adds a further 0.20p/share (12.5%) to this valuation. However, at current metals prices ( US$4,000/oz Au, US$10,604/t Cu, US$2,933/t Zn and US$52.50/oz Ag), our average annual free cash flow estimate rises almost three times to £295.2m per year and our valuation by 4.5x to 7.21p now (plus a further 1.01p/share for the underground mine) and to 9.66p (plus 1.53p) in FY29. For buyers of the shares now, this implies an internal rate of return on their investment of 47.7% in sterling terms to FY37.

11.19p at current metals prices